Intech Investment Management LLC Acquires 4,871 Shares of Chesapeake Utilities Co. (NYSE:CPK)

Intech Investment Management LLC grew its position in shares of Chesapeake Utilities Co. (NYSE:CPK - Free Report) by 125.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,746 shares of the utilities provider's stock after buying an additional 4,871 shares during the quarter. Intech Investment Management LLC's holdings in Chesapeake Utilities were worth $1,061,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of the business. Cibc World Markets Corp bought a new position in shares of Chesapeake Utilities during the 4th quarter valued at $251,000. Natixis Advisors LLC purchased a new position in shares of Chesapeake Utilities in the fourth quarter worth approximately $1,216,000. Swiss National Bank boosted its stake in shares of Chesapeake Utilities by 1.4% during the 4th quarter. Swiss National Bank now owns 44,150 shares of the utilities provider's stock worth $5,358,000 after acquiring an additional 600 shares during the last quarter. Inspire Advisors LLC raised its holdings in Chesapeake Utilities by 139.3% in the 4th quarter. Inspire Advisors LLC now owns 4,099 shares of the utilities provider's stock worth $497,000 after purchasing an additional 2,386 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in Chesapeake Utilities during the fourth quarter valued at $5,110,000. 83.11% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Chesapeake Utilities from a "sell" rating to a "hold" rating in a research report on Friday, March 7th.

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Chesapeake Utilities Price Performance

Shares of Chesapeake Utilities stock traded down $0.01 during trading hours on Wednesday, hitting $124.41. The company's stock had a trading volume of 82,544 shares, compared to its average volume of 91,889. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.32 and a current ratio of 0.38. Chesapeake Utilities Co. has a 12-month low of $98.32 and a 12-month high of $134.20. The business has a 50 day moving average price of $124.62 and a two-hundred day moving average price of $123.65. The company has a market cap of $2.86 billion, a PE ratio of 25.23 and a beta of 0.60.

Chesapeake Utilities (NYSE:CPK - Get Free Report) last released its quarterly earnings data on Wednesday, February 26th. The utilities provider reported $1.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.67 by ($0.04). Chesapeake Utilities had a net margin of 14.16% and a return on equity of 9.08%. The company had revenue of $215.00 million for the quarter, compared to the consensus estimate of $237.84 million. During the same quarter in the previous year, the business earned $1.64 EPS. Analysts expect that Chesapeake Utilities Co. will post 5.39 earnings per share for the current fiscal year.

Chesapeake Utilities Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 7th. Stockholders of record on Friday, March 14th will be given a dividend of $0.64 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $2.56 dividend on an annualized basis and a dividend yield of 2.06%. Chesapeake Utilities's payout ratio is 48.58%.

Chesapeake Utilities Profile

Chesapeake Utilities Corporation operates as an energy delivery company. The company operates through two segments, Regulated Energy and Unregulated Energy. The Regulated Energy segment natural gas distribution operations in central and southern Delaware, Maryland's eastern shore, and Florida; regulated natural gas transmission in the Delmarva Peninsula, Ohio, and Florida; and regulated electric distribution in northeast and northwest Florida.